Global Aerospace Winglets Market to Register 9.7% CAGR 2021, Forecasts Stratview Research in Its Report Published at MarketPublishers.com

21 Jun 2017 • by Natalie Aster

LONDON – The global aerospace winglets market is poised to register a 9.7% CAGR over the next 5 years to be worth USD 558.9 million by 2022. Key market growth drivers include, among others, a hike in the manufacturing rate of regional and commercial aircraft, winglets’ certification as a standard equipment in the variations of the top-selling aircraft like Boeing 737 Max and Airbus A320neo family, increasing adoption of winglets by air carriers in both the novel and upgraded installations, growing fleet size, and advances in winglet technology.

At large, winglets are a well-proven way to decrease the drag, increase fuel efficiency, lower emissions of CO2 and NOx, and reduce exposure to community noise. Additionally, winglets can be used to boost the payload/range capabilities of the aircraft.

Narrow-body aircraft t is set to remain the biggest and the most rapidly growing segment of the world aerospace winglets market through to 2022. B737 and A320 in tandem with their recently launched variants will continue to be the growth drivers of the narrow-body aerospace segment in the offing. Based on type, blended winglets lead the aerospace winglets market globally; they offer 3% to 5% increase in fuel efficiency as versus the aircraft without any winglets. Advanced technology winglet is poised for the fastest growth to 2022.

The North America region is projected to keep on dominating the market for winglets in the years to come, fuelled by the availability of assembly plants of Bombardier and Boeing. APAC is likely to demonstrate the fastest growth during the next five years.

The report offers an all-round industry overview, reviews the industry’s life cycle, and presents an assessment of the supply chain. It offers detailed market segmentation by aircraft type, platform type and winglet type, by manufacturing process, and by geography. It offers critical insights into the market growth drivers and limiters, provides a granular SWOT and Porter’s five forces analysis of the industry. The research study offers a comprehensive examination of the emerging trends in the marketplace; limelights the most lucrative market segments and growth opportunities; and sheds light on the key success factors. The report canvasses the competitive scene covering market shares, product lines, new product launches, etc. Furthermore, detailed profiles of the top players including their SWOT analysis are provided in the report.